Agreed, if it was indeed the CEO who brought out a change in strategy and also executed it - though I personally have not looked into the details.
The wake up from slumber has been ‘quite’ phenomenal for this stock, in my view - and now I am really wondering what is next - it forms a significant portion of my portfolio.
However, the overall macro economic factors have been pushing IT sector up and this could help Persistent to ‘persist’ at ~1000 levels for some more time.
In the US, the energy sector seems to be now the new favorite and IT seems to be losing the preference. This could affect Persistent, Infosys, and others perhaps.